Short Interest in Ichor Holdings, Ltd. (NASDAQ:ICHR) Grows By 10.2%

Ichor Holdings, Ltd. (NASDAQ:ICHR) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 622,200 shares, an increase of 10.2% from the December 15th total of 564,400 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 240,500 shares, the short-interest ratio is presently 2.6 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on ICHR. Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. B. Riley reiterated a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. DA Davidson started coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective on the stock. TD Cowen cut their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday. Finally, Needham & Company LLC cut Ichor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and an average price target of $42.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ICHR. JPMorgan Chase & Co. grew its position in shares of Ichor by 157.9% in the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after purchasing an additional 208,328 shares during the last quarter. Millennium Management LLC bought a new stake in Ichor during the 2nd quarter valued at approximately $6,382,000. Hood River Capital Management LLC grew its holdings in Ichor by 15.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock valued at $42,722,000 after buying an additional 150,933 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Ichor by 322.6% in the 2nd quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock valued at $6,338,000 after buying an additional 125,500 shares during the last quarter. Finally, Royce & Associates LP increased its position in Ichor by 20.8% in the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after buying an additional 123,585 shares during the period. Institutional investors own 94.81% of the company’s stock.

Ichor Stock Down 3.5 %

Shares of ICHR traded down $1.11 during trading hours on Friday, hitting $30.84. 234,328 shares of the company were exchanged, compared to its average volume of 189,597. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The firm’s 50 day moving average is $32.18 and its 200-day moving average is $31.64. Ichor has a 52 week low of $26.40 and a 52 week high of $46.43.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that Ichor will post -0.1 EPS for the current year.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.